M&A Deal Summary

JWI Capital Acquires W.H. Smith

On April 22, 2010, private equity firm JWI Capital acquired machinery company W.H. Smith

Acquisition Highlights
  • This is JWI Capital’s 1st transaction in the Machinery sector.
  • This is JWI Capital’s 1st transaction in the United States.
  • This is JWI Capital’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2010-04-22
Target W.H. Smith
Sector Machinery
Buyer(s) JWI Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

W.H. Smith

Parkersburg, West Virginia, United States
website
W.H. Smith Co. assembles and fabricates fluid handling equipment and load securing and material handling hardware, primarily sold for military applications. It's current line of products include, hose, manifold, valve, pump and nozzle assemblies used in fluid handling applications and shackles, chains, hooks, load binders and cargo-tie downs for load securing and material handling applications. W.H. Smith Co. was founded in 1886 and is based in Parkersburg, West Virginia.

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Buyer(S) 1

Buyer

JWI Capital

Twinsburg, Ohio, United States

Investor Investor

website

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

JWI Capital is a 'hands on' investment firm focused on microcap businesses operating in Northeast Ohio and neighboring regions. The Firm takes an operationally focused approach in actively managing and improving the growth of portfolio investments. JWI's ideal acquisition target has revenues of $5 to $50 million and EBITDA between $1 and $5 million. The Firm looks for opportunities in the defense, aerospace, energy, infrastructure, transportation and general industrial sectors. JWI Capital was formed in 2009 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 4
Sector (Machinery) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 1 of 4
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-05 Weaver Express Blower Service

Sugarcreek, Ohio, United States

Weaver Express Blower Service, Inc. is a manufacturer and installer of compost-based filter socks for sediment and erosion control applications. The Company either pre-fills compost-based filter socks for sale to distributors or fills socks on site using custom equipment for Company-performed installations.

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